Record Currency Management, a currency manager, has signed on to the UN Principles for Responsible Investment, broadening the types of assets classes incorporating ESG factors. We are seeing growing interest among fixed income and real asset managers, as well. Coverage of this development can be found here.
Larry Stadulis, Sara Crovitz, and Alan Goldberg joined me in explaining the SEC standard of conduct release to a gathering of chief compliance officers in Chicago! We discussed a number of the key issues associated with the proposed Interpretive Release applicable to RIAs, and described our “stoplight” schematic on how broker-dealers are affected by Reg BI. We also got everyone up to speed on the various state developments. It was great spending the week here meeting so many great people.